373 E 157th St 0

Two story, two unit Melrose townhouse featuring 2 bedroom over 2 bedroom and a basement. The lot size is 24.54 ft. by 101.61 ft. spanning 2,493 sq. /ft. and could possibly provide off-street. The zoning is R7-2 with a FAR as built at 0.79 and a MAX FAR of 3.44. Ideally, the lot could be developed with a low rise structure. Neighborhood features access to the 2 and 5 trains and short distance to THE HUB for shopping, restaurants and entertainment. The neighborhood of Melrose is made up of 1-4 unit residential houses, multifamily co-ops and apartment buildings. Located north of The Hub, one of The Bronx's largest shopping areas, Third Avenue BID (business improvement districts) is a major local retail district located where five major thoroughfares converge: East 149th St, Westchester, Willis, Melrose and Third Avenues. The area is served by the 2, 4 and 5 MTA lines at East 149th St and Third Avenue for a 20 minute ride back to Harlem or 40 minutes to Penn Station. Approximately $3.2B was invested in South Bronx real estate in 2016. Driven by a surge in real estate development, population growth, civic investment in local infrastructure, low inventory in residential real estate, Melrose and the surrounding communities are poised for continued revitalization. PROPERTY INFORMATION Block/Lot 2404-0033 Zoning R7-2 FAR as built 0.79 Max FAR 3.44 Lot Size 24.54 ft X 101.61 ft.